Dnca Finance Sells 12,500 Shares of Trane Technologies plc (NYSE:TT)

Dnca Finance trimmed its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,000 shares of the company's stock after selling 12,500 shares during the period. Trane Technologies makes up approximately 1.2% of Dnca Finance's investment portfolio, making the stock its 24th largest holding. Dnca Finance's holdings in Trane Technologies were worth $14,774,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. World Investment Advisors LLC lifted its position in Trane Technologies by 5,253.1% in the third quarter. World Investment Advisors LLC now owns 34,581 shares of the company's stock worth $13,443,000 after purchasing an additional 33,935 shares during the period. Sfmg LLC increased its holdings in shares of Trane Technologies by 1.5% in the third quarter. Sfmg LLC now owns 2,441 shares of the company's stock valued at $949,000 after buying an additional 36 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trane Technologies during the 3rd quarter valued at $3,916,000. Tidal Investments LLC grew its holdings in shares of Trane Technologies by 22.2% in the 3rd quarter. Tidal Investments LLC now owns 15,827 shares of the company's stock worth $6,152,000 after acquiring an additional 2,874 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Trane Technologies by 16.8% during the third quarter. Synovus Financial Corp now owns 8,828 shares of the company's stock worth $3,431,000 after purchasing an additional 1,271 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TT. UBS Group reduced their price target on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Melius downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target on the stock. in a report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their target price on Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Trane Technologies currently has an average rating of "Hold" and an average target price of $405.31.

Trane Technologies Stock Up 2.1 %

Shares of TT stock traded up $6.98 on Thursday, hitting $342.85. The company's stock had a trading volume of 534,935 shares, compared to its average volume of 1,303,597. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The stock has a market capitalization of $76.90 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a fifty-two week low of $291.37 and a fifty-two week high of $422.00. The firm's fifty day moving average price is $343.08 and its 200-day moving average price is $373.66.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $0.94 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 1.10%. Trane Technologies's payout ratio is presently 33.42%.

Insider Buying and Selling

In related news, CFO Christopher J. Kuehn sold 876 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total transaction of $313,099.92. Following the transaction, the chief financial officer now owns 63,841 shares of the company's stock, valued at approximately $22,818,050.22. The trade was a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David S. Regnery sold 2,754 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total transaction of $984,114.36. Following the completion of the sale, the chief executive officer now directly owns 132,969 shares of the company's stock, valued at approximately $47,515,142.46. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,234 shares of company stock worth $2,588,102 in the last quarter. 0.38% of the stock is currently owned by company insiders.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.